Cincinnati startup’s stock to trade publicly for first time

Cincinnati startup drug developer Aerpio Pharmaceuticals Inc. is making its stock available to the public for the first time.

Blue Ash-based Aerpio paved the way to enter the public stock market in March when it completed what’s known as a reverse merger. That’s a process in which it merged with a publicly traded shell company without any operations. The company then changed names to Aerpio and elected a new board of Aerpio leaders. The reverse merger was accompanied by a private placement stock sale raising $40 million.

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